Outcome and Voting Results of 38th Annual General Meeting of Morgan Ventures Limited held on Tuesday, June 24, 2025 at 11:00 A.M.
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Morgan Ventures Limited held its 38th AGM on June 24, 2025 via video conferencing from 11:00 AM to 12:00 PM, where all 6 resolutions were passed with the required majority. The resolutions included adoption of audited financial statements for FY ending March 31, 2025, re-appointment of Mrs. Madhu (DIN 09065199) as a director retiring by rotation, appointment of M/s Anuj Gupta & Associates as Secretarial Auditors for 5 years, and approval/ratification of material related party transactions with three group companies (Morgan Securities & Credits, Peacock Chemicals, and Goyal MG Gases). For the ordinary resolutions, about 76.4% of total shares voted (7,564,600 out of 9,898,700 shares), with 99.99% in favor. For the related party resolutions where promoters were interested, promoters abstained and only public shareholders voted (159,900 shares), with 99.94% approving.
All agenda items were approved smoothly with overwhelming shareholder support (over 99.9% in favor), suggesting no significant shareholder dissent. The approval of related party transactions is routine but minority shareholders should note that promoters did not vote on those items, leaving approval dependent on a small public turnout.